Nicco Parks & Resorts Ltd

Consequent to the recommendations of Nomination & Remuneration Committee the Board at its meeting held today i.e February 13 2023:A. appointed Mr. Rajesh Raisinghani (DIN: 07137479) as Managing Director & Chief Executive Officer (MD & CEO) of the company w.e.f 01.07.2023 for a term of 3 years subject to requisite approvals. Mr. Raisinghani is presently designated as President (Operation F&B and Marketing) of the Company. B. approved an extension in the services of Mr. Pankaj Kumar Roy (FCA Membership No: 055438) presently designated as VP & CFO of the company. Mr. Roys extension will take effect from 19.04.2023 for upto a period of six months or the date of ensuing Annual General Meeting whichever is later.C. redesignated Mr. Rahul Mitra (ACS Membership No:20714) as Executive President - Company Secretary & Compliance Officer with effect from 01.07.2023. Mr. Mitra is presently designated as President - Company Secretary & Compliance Officer of the Company.